It does not matter if that's a private concern or governmental body of some sort.

OR some times require equity in other income producing property.

I don't see it as having a huge impact on tax compliance or in producing more taxable income.

Every body has TNBT (the next big thing) and everybody with a list of hype buying prospects gets to market it and a nice commission if they make the sale.

Whatever number you see listed by the seller or their agent as the NOI should be assumed to be the best possible NOI they've managed to produce, if its less than 50% of the gross income.

I am unsure of how to handle the deduction of expenses on this house since it has not actually been rented yet and has produced no income as of yet.

[/quote:Here is my take on this issue;Any property held to produce income is debt-financed property if at any time during the tax year there was acquisition indebtedness outstanding for the property.

Not sure if I want to buy a body holster, hip holster, etc.

The way that we are forcing appreciation is to first look at a residential property as an income producing dwelling.

If you want the best body shop in town to do it, fine, but they will pay the lowest qualified bid,after they make a lower initial offer.Right now, I have a claim moving slowly on my cabin at the lake that was blown off a week ago.